Explanipedia

Economic models and frameworks to guide climate policy Open

Cameron Hepburn, Matthew C. Ives, Sam Loni, Penny Mealy, Pete Barbrook-Johnson , et al. · 2025

Reaching net-zero emissions will involve a structural transformation of the global economy. The transition is complicated by deep uncertainty about the new economic configurations that will emerge, coordination challenges, and non-linear d…

The revised oxford principles for net zero aligned carbon offsetting Open

Injy Johnstone, Myles Allen, Kaya Axelsson, Ben Caldecott, Nick Eyre , et al. · 2025

Sensitive Intervention Points for Australia's Transition to Net‐Zero Emissions Open

Kimathi Muiruri, Anna Skarbek, Penny Mealy, Cameron Hepburn · 2024

Australia is not on track to meet its obligations under the Paris Accord. How can action to achieve net zero be accelerated? Here, we apply the concept of ‘sensitive intervention points’ and consider six potential interventions that could …

Economic modelling fit for the demands of energy decision makers Open

Pete Barbrook-Johnson, Jean-François Mercure, Simon Sharpe, Cristina Peñasco, Cameron Hepburn , et al. · 2024

Sensitive intervention points: a strategic approach to climate action Open

Penny Mealy, Pete Barbrook-Johnson, Matthew C. Ives, Sugandha Srivastav, Cameron Hepburn · 2023

While some countries are making progress reducing greenhouse gas emissions, few are progressing rapidly enough to be on track to reach net zero emissions by mid-century. The transition to net zero involves deep structural transformation of…

Certificates for CCS at reduced public cost: securing the UK's energy and climate future, Energy Bill 2015 Open

R. Stuart Haszeldine, Myles Allen, Cameron Hepburn, Corinne Le Quéré, Richard Millar · 2023

This Paper concerns the Energy Bill, which starts its Committee stages in the Lords on Monday 7th September and Wednesday 9th September 2015. The Bill is mainly tasked to create the OGA (Oil and Gas Authority). In addition the Bill creates…

Are We Running Out of Exhaustible Resources? Open

Felix Pretis, Cameron Hepburn, Alexander Pfeiffer, Alexander Teytelboym · 2023

China’s Economic Development in the New Era: Challenges and Paths Open

Cameron Hepburn, Nicholas Stern, Chunping Xie, Dimitri Zenghelis · 2022

China’s economy has seen rapid development ever since its reform and opening-up strategy was launched in 1978. Strong economic expansion over the past four decades has taken China from low-income to upper-middle-income status. Looking back…

Putting wind and solar in their place: Internalising congestion and other system-wide costs with enhanced contracts for difference in Great Britain Open

Iacopo Savelli, Jeffrey Hardy, Cameron Hepburn, Thomas Morstyn · 2022

The large-scale deployment of renewable energy assets can create system-wide costs due to the impact on congestion management and reserve provision, and may have a limited effect on carbon emissions if subject to curtailment. We show how t…

How Stimulating Is a Green Stimulus? The Economic Attributes of Green Fiscal Spending Open

Brian O’Callaghan, Nigel Yau, Cameron Hepburn · 2022

When deep recessions hit, some governments spend to rescue and recover their economies. Key economic objectives of such countercyclical spending include protecting and creating jobs while reinvigorating economic growth—but governments can …

Toward Optimal Meat Pricing: Is It Time to Tax Meat Consumption? Open

Franziska Funke, Linus Mattauch, Inge van den Bijgaart, H. Charles J. Godfray, Cameron Hepburn , et al. · 2022

Livestock is known to contribute significantly to climate change and to negatively impact global nitrogen cycles and biodiversity. However, there has been little research on economically efficient policies for regulating meat production an…

The meaning of net zero and how to get it right Open

Samuel Fankhauser, Stephen M. Smith, Myles Allen, Kaya Axelsson, Thomas Hale , et al. · 2021

Towards carbon neutrality and China's 14th Five-Year Plan: Clean energy transition, sustainable urban development, and investment priorities Open

Cameron Hepburn, Ye Qi, Nicholas Stern, Bob Ward, Chunping Xie , et al. · 2021

China's 14th Five-Year Plan, for the period 2021-25, presents a real opportunity for China to link its long-term climate goals with its short-to medium-term social and economic development plans. China's recent commitment to achieving carb…

Multiscale design for system-wide peer-to-peer energy trading Open

Thomas Morstyn, Iacopo Savelli, Cameron Hepburn · 2021

Is Meat Too Cheap? Towards Optimal Meat Taxation Open

Franziska Funke, Linus Mattauch, Inge van den Bijgaart, H. Charles J. Godfray, Cameron Hepburn , et al. · 2021

A global inventory of solar photovoltaic generating units - dataset Open

Lucas Kruitwagen, Kyle Story, Johannes Friedrich, Logan Byers, Sam Skillman , et al. · 2021

This is the data repository accompanying Kruitwagen, L., Story, K., Friedrich, J., Byers, L., Skillman, S., & Hepburn, C. (2021) A global inventory of photovoltaic solar generating units, Nature, forthcoming. This…

A global inventory of solar photovoltaic generating units - dataset Open

Lucas Kruitwagen, Kyle Story, Johannes Friedrich, Logan Byers, Sam Skillman , et al. · 2021

This is the data repository accompanying Kruitwagen, L., Story, K., Friedrich, J., Byers, L., Skillman, S., & Hepburn, C. (2021) A global inventory of photovoltaic solar generating units, Nature, forthcoming. This…

A new perspective on decarbonising the global energy system Open

Matthew C. Ives, L Righetti, Jerome H. Schiele, Kevin D. Meyer, Lucy Hubble-Rose , et al. · 2021

An analysis of historical cost trends of energy technologies shows that the decades-long increase in the deployment of renewable energy technologies has consistently coincided with steep declines in their costs. For example, the cost of so…

A net-zero emissions economic recovery from COVID-19 Open

J Allan, Charles Donovan, Paul Ekins, Ajay Gambhir, Cameron Hepburn , et al. · 2020

This briefing identifies key recovery policies that the UK government could introduce to both respond to the crisis of COVID-19, and support the country in meeting its commitment to reaching net-zero emissions by 2050.

“Carbon pricing” special issue in the European economic review Open

Cameron Hepburn, Nicholas Stern, Joseph E. Stiglitz · 2020

Strong, sustainable and inclusive growth in a new era for China – Paper 1: challenges and ways forward Open

Cameron Hepburn, Nicholas Stern, Chunping Xie, Dimitri Zenghelis · 2020

This is the first of two ‘policy insight’ papers that offer an outline of strategies and policies for an innovative, sustainable and low-carbon approach to China’s development. They are intended to inform decision-making for China’s 14th F…

Bringing rigour to energy innovation policy evaluation Open

Jacquelyn Pless, Cameron Hepburn, Niall Farrell · 2020

Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change? Open

Cameron Hepburn, Brian O’Callaghan, Nicholas Stern, Joseph E. Stiglitz, Dimitri Zenghelis · 2020

The COVID-19 crisis is likely to have dramatic consequences for progress on climate change. Imminent fiscal recovery packages could entrench or partly displace the current fossil-fuel-intensive economic system. Here, we survey 231 central …

Cooperative conservation: Seven ways to save the world Open

Oliver Scott Curry, Darragh Hare, Cameron Hepburn, Dominic Johnson, Michael D. Buhrmester , et al. · 2019

The world faces serious environmental problems. To solve them we must work together. Fortunately, humans are a very cooperative species. We have faced a range of cooperative problems in the past, and have evolved and invented a range of co…

The technological and economic prospects for CO2 utilization and removal Open

Cameron Hepburn, Ella Adlen, J. R. Beddington, Emily A. Carter, Sabine Fuss , et al. · 2019

Is Natural Capital Really Substitutable? Open

François Cohen, Cameron Hepburn, Alexander Teytelboym · 2019

The extent to which natural capital can be substituted with manufactured or human capital in production is a key determinant of the possibility of long-run sustainable economic development. We review empirical literature pertaining to the …

Driving Investments Toward Sustainable Economic Growth in the People’s Republic of China Open

Cameron Hepburn, Nicholas Stern · 2019

ADB recognizes "China" as the People's Republic of China.The ADB East Asia Working Paper Series is a forum for stimulating discussion and eliciting feedback on ongoing and recently completed

Committed emissions from existing and planned power plants and asset stranding required to meet the Paris Agreement Open

Alexander Pfeiffer, Cameron Hepburn, Adrien Vogt‐Schilb, Ben Caldecott · 2018

Over the coming decade, the power sector is expected to invest ~7.2 trillion USD in power plants and grids globally, much of it into CO _2 -emitting coal and gas plants. These assets typically have long lifetimes and commit large amounts o…

Committed Emissions from Existing and Planned Power Plants and Asset Stranding Required to Meet the Paris Agreement Open

Alexander Pfeiffer, Cameron Hepburn, Adrien Vogt‐Schilb, Ben Caldecott · 2018

Over the coming decade, the power sector is expected to invest ~7.2 trillion USD in power plants and grids globally, much of it into CO2-emitting coal and gas plants. These assets typically have a long lifetime and commit large amounts of …

Towards demand-side solutions for mitigating climate change Open

Felix Creutzig, Joyashree Roy, William F. Lamb, Inês M.L. Azevedo, Wändi Bruine de Bruin , et al. · 2018

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